POWER:
P=V^2/R

V is probably gonna be 6V

Here's the circuit diagram I forgot to upload yesterday.

Here are the videos of your drops, in the order in which they were dropped. Just awesome.

D-11-09 DROP 01.avi

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Okay, final circuit diagram:


SOURCES:
Elmars Blums (1995). "New Applications of Heat and Mass Transfer Processes in Temperature Sensitive Magnetic Fluids". Brazilian Journal of Physics.
"Ferrofluids." Exploring the Nanoworld. University of Wisconsin Madison, 2008. Web. 5 Oct. 2010. <http://www.mrsec.wisc.edu/Edetc/background/ferrofluid/index.html>.
"Ferromagnetism." Hyperphysics. Web. 5 Oct. 2010.<http://hyperphysics.phy-astr.gsu.edu/hbase/solids/ferro.html#c5>.
"Magnets and Electromagnets." Hyperphysics. Web. 5 Oct. 2010. <http://hyperphysics.phy-astr.gsu.edu/hbase/magnetic/elemag.html>.
"Observation of the Unusual Properties of Ferrofluids." Spring 2001. Web. 7 Oct. 2010. <http://addis.caltech.edu/teaching/MS90/lab4-prt1.htm>.
“Spacelift Washington: International Space Transportation Association Faltering; The myth of $10,000 per pound “ SpaceRef Web. 10 Oct. 2010.<http://www.spaceref.com/news/viewnews.html?id=301>.